REG - Angling Direct PLC - Director/PDMR Shareholding

Angling DirectAnnouncement

31/03/2023 07:15

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RNS Number : 8461U  Angling Direct PLC  31 March 2023

31 March 2023

 

Angling Direct  plc

("Angling Direct" or the "Company")

 Director / PDMR Shareholding

Angling Direct plc (AIM: ANG), the leading omni-channel specialist fishing
tackle and equipment retailer, has been informed that on 29 March 2023, Andy
Torrance, Chief Executive Officer, purchased a total of 50,000 ordinary shares
of 1 penny each in the Company ("Ordinary Shares") at a price of 25.0 pence
per Ordinary Share and on 30 March 2023 purchased a total of 50,000 Ordinary
Shares at a price of 25.5 pence per Ordinary Share.

Following these transactions, Andy Torrance holds 150,000 Ordinary Shares
representing approximately 0.19% of the Company's issued share capital.

The Notification of Dealing Form required in accordance with UK MAR is set out
below.

For further information please contact:

 

 Angling Direct plc                         via FTI Consulting
 Steven Crowe, Chief Financial Officer

 Singer Capital Markets - NOMAD and Broker  +44 (0) 20 7496 3000
 Peter Steel

 Alex Bond

 Tom Salvesen

 James Fischer

 FTI Consulting - Financial PR              +44 (0) 20 3727 1000
 Alex Beagley                               anglingdirect@fticonsulting.com (mailto:anglingdirect@fticonsulting.com)

 Sam Macpherson

 Alice Newlyn

 

About Angling Direct

 

Angling Direct is the leading omni-channel specialist fishing tackle retailer
in the UK. The Company sells fishing tackle products and related equipment
through its network of retail stores, located strategically throughout the UK
as well as through its leading digital platform (www.anglingdirect.co.uk
(https://www.anglingdirect.co.uk/) .de, .fr, .nl and .eu) and other
third-party websites.

 

Angling Direct is committed to supporting its active customer base and
widening access to the angling community through its passionate colleagues,
store-based qualified coaches, social media reach and ADTV YouTube
(https://www.youtube.com/channel/UCOenrSpp_3DpdT14EBrPkWA) channel. The
Company currently sells over 25,000 fishing tackle products, including capital
items, consumables, luggage and clothing. Angling Direct also owns and sells
fishing tackle products under its own brand 'Advanta', which was formally
launched in March 2016.

 

From 1986 to 2002, the Company's founders acquired interests in a number of
small independent fishing tackle shops in Norfolk and, in 2002, they acquired
a significant premise in Norwich, which was branded Angling Direct. Since
2002, the Company has continued to acquire or open new stores, taking the
total number up to 45 retail stores. In 2015, the Company opened a 2,800 sq.
metres central distribution centre in Rackheath, Norfolk, where the Company's
head office is also located. In January 2022 Angling Direct acquired an
additional 3,900 sq. metres distribution centre in Venlo, Netherlands to
service its established, and rapidly growing, presence in Europe with native
language websites set up in key regions to address demand.

 

 Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

   1    Details of the person discharging managerial responsibilities / person closely

      associated

 a)     Name                                                         Andy Torrance
 2      Reason for the notification
 a)     Position/status                                              Chief Executive Officer
 b)     Initial notification /Amendment                              Initial Notification
 3      Details of the issuer, emission allowance market participant, auction
        platform, auctioneer or auction monitor
 a)     Name                                                         Angling Direct plc
 b)     LEI                                                          213800WAVVOPS85N2205
 4      Details of the transaction(s): section to be repeated for (i) each type of

      instrument; (ii) each type of transaction; (iii) each date; and (iv) each
        place where transactions have been conducted
 a)     Description of the financial instrument, type of instrument  Ordinary shares of 1 pence each

        Identification code

                                                                     GB00BF1XGQ00
 b)     Nature of the transaction                                    Purchase of Ordinary Shares
 c)     Price(s) and volume(s)                                       Price                             Volume

        1. 25.0 pence                                                                                  1. 50,000 Ordinary Shares

        2. 25.5 pence                                                                                  2. 50,000 Ordinary Shares
 d)     Aggregated information

        - Aggregated volume                                          100,000 Ordinary Shares

        - Price                                                      Volume weighted average price: 25.25 pence per Ordinary Share

 e)     Date of the transaction                                      1.     29 March 2023

                                                                     2.     30 March 2023
 f)     Place of the transaction                                     London Stock Exchange

 

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